The 119,874 consumer bankruptcy filings in August represented a 24% increase over last year’s monthly total, according to the American Bankruptcy Institute [ABI]. Although an increase over the previous year, the August 2009 consumer filings represented a 5% decrease from the July 2009 total of 126,434. Chapter 13 filings constituted 28.3% of all consumer cases in August, unchanged from the July rate, ABI said.
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